The group finally takes the wraps off its offering. Well, sort of… Perhaps the only real surprise in yesterday’s public unveiling of Discovery Bank was the lack of any pricing information. The bank, which is expected to open to the public in March next year, is built on the fundamentals of its Vitality incentive-and-rewards programme, as has long been suspected.

According to Bloomberg, business leaders in South Africa said that, following meetings with President Jacob Zuma and Finance Minister Pravin Gordhan, they would contribute expertise and investments to help the country avoid a credit-rating downgrade, accelerate small business growth and create jobs.

Consolidating costs, the ability to opt out of a lease at any stage, and a general desire to be in the company of others not necessarily linked to your business are what’s driving a high demand for serviced office space in South Africa, despite a surge in office supply.